We present the results of an experiment where a random subset of the participants in the Bundesbank's household panel … bias which leads respondents to assign greater probability mass to the center of the scale at zero. Second, they eliminate …

experimentally test three competing theories of GF and HHF: probability bias, randomized choice, and bounded rationality. We find … the classical method suggests about 51% (48%). We show that probability bias, randomized choice, and bounded rationality …